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Combo Plan Consultant

Pinnacle Plan Design

(Remote)

Pinnacle Plan Design is growing!

We are looking for a Retirement Plan Consultant with experience working on both DB and DC plans to join our team! You'll find we offer a great work environment, challenging career development, and the chance to work with some of the best and brightest. We are all about our people. Take a look around, you'll see our employees agree!

The Retirement Plan Consultant position includes performing annual administration for defined contribution and/or defined benefit plans, preparing of annual reports for review, interpreting and reviewing plan documents, tracking data, and following up with clients and identifying potential plan redesign opportunities.

Essential Duties

• Preparation and review of annual reporting and use of judgement required on qualified defined contribution and/or defined benefit plans including:
• Review and Interpret the plan document specifications and apply to the employee/participant
• Prepare optimum contribution allocation;
• Review Reconciled trust accounts to plan accounts;
• Perform non-discrimination testing (combined plan where applicable);
• Calculate minimum required contribution, maximum deductible contribution for the DB plan;
• Calculate maximum benefits (415(b)) as needed;
• Prepare IRS Forms 5558, 5330, and 5500 (including Schedule SB) and, from time to time, Forms 5307 and 5310, and PBGC Forms;
• Calculate required minimum distributions;
• Prepare excel testing and contribution file for comparison to pension software file output;
• Identify highly compensated and key employees and assure minimum allocations to non-highly compensated and non-key employees are met.
• Review distribution and loan disclosures and paperwork based upon plan provisions
• Utilize and maintain database fields tracking plan provisions, contact info, receipt of client data, and updated client information
• Communicate with client, accountant, attorney and investment advisor on plan related issues. Develop relationships with clients to establish long-term working relationships.
• Maintain responsibility of client caseload management. Track data received and not received and follow up with related parties to receive data.
• Review of participant disclosures and notifications.
• Identify potential plan redesign opportunities, potential prohibited transactions and potential top-heavy minimum.
• Review and make decisions on client invoicing.

Knowledge, Skills and Abilities

• Knowledge of IRS/ERISA regulations and funding methods
• Proficient in using Microsoft Office products and other technology to complete tasks. DATAIR experience helpful
• Professional designation (such as ASPPA, NIPA) required
• Demonstrated ability to determine benefits and benefit limitations, determine required funding, prepare actuarial valuations and perform non-discrimination testing (with heavy emphasis on combined plan testing)
• Demonstrated ability to multi-task, meet deadlines, and work in a fast-paced environment to create high-quality products and solutions to be reviewed by Senior Managers/Actuaries/Shareholders
• Demonstrated technical knowledge and interpersonal communication skills needed to effectively and diplomatically review others' work
• Demonstrated ability and willingness to take full responsibility for assigned client plans, completing work in a timely manner, communicating with clients, collaborating with colleagues, and proactively resolving issues
• Demonstrated ability to analyze situations and attend to detail to ensure quality

Education and Experience Requirement

• A High School Diploma or GED required; Bachelor's degree strongly preferred;
• Professional designation (such as ASPPA, NIPA) required;
• Minimum 4 years' experience in third party administration
  • Defined contribution plan administration

and/or

• Defined benefit plan administration

How to Apply

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